Latest news for mortgage brokers and introducers - Introducer …
Rightmove becomes a bigger player for lenders and brokers. Mortgage arrears drop despite small rise in possessions. Bridging loans continue record-breaking growth. Renovation not relocation – house prices deter movers. Bank of England “navigating treacherous waters” over rate decision.
Bridging Market shows strong performance in Q3 - Introducer Today
1 day ago · Bridging Trends suggests this is a positive sign that signals improvement in operational efficiency alongside a 9% boost in total gross lending, with contributors recording an increase from £201.8m in Q2 2024 to £220.8m in Q3 2024. This is continuing the positive upward trend seen throughout the year and suggests market resilience during ...
Society launches discount residential mortgage products with rate …
1 day ago · Dudley Building Society has launched three two-year discount mortgage products for residential customers. The products include a rate reduction of up to 0.61% on 75% and 90% Loan-to-Value (LTV) tiers and includes the reintroduction of a 60% LTV tier, designed to meet the evolving needs of borrowers in today’s market.
Specialist lender snapped up by property and financial platform
1 day ago · Fast-growing property and financial services platform OneDome wants to acquire specialist mortgage provider Albany Park. The purchase of Albany from Hatbox Group is pending regulatory approval by the Financial Conduct Authority; if it goes ahead it will marks what OneDome calls “a significant step in its mission to simplify the home-buying process and expand its suite of services within the ...
Transactions to rise but mortgage rates and taxes will dampen …
3 days ago · Hamptons says house prices will rise by 3.0% across Britain next year, followed by 3.5% in 2026 and 2.5% in 2027 as the affordability picture improves. But it has downgraded longer term growth due to high interest rates and taxes bearing down on the market. The agency claims that 2025 will mark the beginning of a new property market cycle.
Rightmove becomes a bigger player for lenders and brokers
3 days ago · Rightmove says it’s enjoyed a 150% rise in mortgage leads for lenders and brokers over the past year. In a trading update at the start of the weekend, the portal posted revenue of some £390m for the four months to the end of October. The update says: “Our strategic growth areas of mortgages, commercial property, and rental services ...
Housing transactions to surge in Q1 2025 – analysts’ predictions
Nov 4, 2024 · Housing transactions in the first quarter of next year will surge, analysts predict. The end of the first time buyers’ stamp duty holiday has been confirmed as April 1 next year. This holiday was ushered in by the [2022] mini-Budget, and means there’s no stamp duty for first-time buyers on the first £425,000 of a property’s value – up ...
Bank of England “navigating treacherous waters” over rate decision
Nov 6, 2024 · Gabriel McKeown, Head of Macroeconomics at Sad Rabbit Investments says: “The Bank of England is navigating treacherous waters as it approaches this week’s rate decision. The recent Budget has cast a long shadow over policy deliberations. Following the inflation rate plummeting to below target for the first time since 2021, the stage was set ...
Rachel Reeves’ 10-Year Plan: A New Approach to Social Housing in …
Rachel Reeves, the UK Chancellor, is set to unveil a bold plan aimed at tackling the country’s deepening affordable housing crisis. In the upcoming October Budget, Reeves intends to introduce a 10-year formula that will see social rents rise annually by the Consumer Price Index (CPI) measure of inflation—currently at 2.2%—plus an additional 1%.
Mortgage product choice booms to one of highest levels ever
Mortgage product choice has risen for the first time in several months, says Moneyfacts. There are now 6,645 options, the first rise since July; with exception of July 2024 (6,658) and August 2024 (6,657), this is the highest count since February 2008 (6,760). Product numbers have also increased substantially over the past two years, with ...